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Bloomberg German joblessness unexpectedly rises for the first time in eight months, adding to strains Europe’s largest economy is facing due to the protracted coronavirus lockdowns. The rise of 9,000 put the total number of unemployed people at 2.75 million and the rate at 6%, according to the Federal Labour Agency. Economists surveyed by Bloomberg had expected a drop of ...

Bloomberg A decision by the government of Italian Prime Minister Mario Draghi to recruit consulting firm McKinsey & Co. for help with the European Union’s recovery package has prompted disquiet within his coalition. The company will advise the finance ministry and help to accelerate the drafting of Italy’s plan to spend its 209 billion-euro ($250 billion) share of the EU ...

Bloomberg Canada is a step closer to building a nationwide marketplace to trade carbon credits as part of the Trudeau government’s bid to curb greenhouse gas emissions in the country. The federal government released draft regulations that will create a domestic market for trading carbon credits. The move will allow companies in industries such as agriculture and forestry to voluntarily ...

Dubai / WAM Over 16,000 new member companies joined Dubai Chamber of Commerce and Industry in 2020 as the organisation responded to new challenges and adapted its services and offerings to meet the changing needs of the business community. In 2020, Dubai Chamber saw the return on its investment in digital transformation over the years. The Chamber was digitally prepared ...

Dubai / WAM Dubai’s Roads and Transport Authority (RTA) has completed the construction of two model bus stations at Oud Metha and Al Satwa. The stations feature unique designs that form a blend of creative and practical solutions to engineering designs, along with introducing a new concept of mass transit. “The construction of stations for public bus riders complements RTA’s ...

DUBAI / WAM The UAE’s Ministry of Industry and Advanced Technology (MoIAT) and Spain’s Ministry of Science and Innovation (MSI) signed a Memorandum of Understanding (MoU) that will see them develop an advanced technology framework over the next three years. The framework aims to foster bilateral collaboration in the areas of technological advancement, technology transfers and the deployment of key ...

ABU DHABI / WAM The Abu Dhabi Judicial Department (ADJD) has released a statistical report monitoring the continuity of judicial and legal services with the implementation of the remote working scheme over a period of 11 months. Speaking on the occasion, Youssef Saeed Al Abri, Undersecretary of the ADJD, said the achievements made by ADJD and the qualitative leap in ...

ABU DHABI / WAM The Ministry of Health and Prevention (MoHAP) announced that it conducted 242,159 additional Covid-19 tests over the past 24 hours, using state-of-the-art medical testing equipment. In a statement on Saturday, the ministry stressed its aim to continue expanding the scope of testing nationwide to facilitate the early detection of coronavirus cases and carry out necessary treatment. ...

Bloomberg Pakistan Prime Minister Imran Khan won a confidence vote in Parliament, ending a week of political turmoil and giving a boost to his fragile government. Khan got 178 votes from members of his Tehreek-e-Insaf party and allies in the 342-seat lower house National Assembly, proving the majority, Speaker Asad Qaiser said in televised meeting in Islamabad. The army-backed former ...

Bloomberg Spain is considering using part of a planned 11 billion-euro ($13 billion) fiscal package to provide debt relief to companies that have borrowed through the country’s state-backed loan program. The proposal would allow Spanish lenders a degree of flexibility to decide which borrowers should be granted relief, the officials said. Banks would absorb some of the write off and ...